PM Modi inaugurates Advantage Assam Summit in Guwahati

Mr. Modi said, the Act East Policy, which was created by the NDA Government, requires increased people to people contact, trade ties and other relations with countries on India's east.

Giving details of various provisions of the Union Budget, 2018, and how will it impact the Northeastern region, Mr Modi said, ' Eight NE states are "Astalaxmi" of India and could well turn out to be new engine of growth for new India. Assam chief minister Sarbananda Sonowal called upon all investors taking part in the summit to explore investment possibilities in the state.

"The inaugural day of the first-ever Global Investors" Summit in Assam saw signing of as many as 176 initial pacts in a range of sectors with investment commitments worth Rs 65,186 crore, an official said. He said India's growth would gain momentum only when there is an all-round development of the northeast, PTI reported. He said India has become the most preferred investment destination in the world and the highest Dollars 60 billion FDI came to India in 2016-17.

Tesring Tobge, Prime Minister of Bhutan, arrived here on Thursday, to take part in the summit. "With the present leadership of the State Government, Assam is going to further improve its current position to emerge as one of the most sought after states for investment".

Mr Modi also expressed happiness that Assam is ranked the highest among the states for ease of doing business. He spoke in detail about his government's historic initiatives like amendment in the "Indian Forest Act 1927" to facilitate Bamboo cultivation and the announcement of restructured National Bamboo Mission.

He said, "We could have an academic presence here but details need to be worked out". "Rail connectivity between Tripura and Bangladesh will also be developed", he added.

Assam government today signed a public private partnership (PPP) deal with Tata Trust for advanced cancer care in the state.

The chief minister said the February 3-4 event will showcase the manufacturing prowess and the opportunities offered by Assam in terms of export-oriented manufacturing and services to growing economies such as the ASEAN and the Southeast Asian countries.

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